The narcissist keeps dreaming, hoping, planning, conspiring, scheming and fighting all his life. As far as he is concerned, reality, with its sobering feedback, does not exist. He occupies a world of his own where hope springs eternal. It is a universe of recurrent serendipity, inevitable fortuity, auspiciousness, lucky chances and coincidences, no downs and uplifting ups. It is an unpredictable, titillating, and exciting world. The narcissist may feel bored for long stretches of time but only because he can't wait for the ultimate thrill.
The narcissist experiences a constant midlife crisis. His reality is always way short of his dreams and aspirations. He suffers a constant Grandiosity Gap -- the same Gap that plagues the healthy midlife adult. But the narcissist has one advantage: he is used to being disappointed and disillusioned. He inflicts setbacks and defeats upon himself by devaluing persons and situations that he had previously idealised.
(From the book "Malignant Self-love: Narcissism Revisited" by Sam Vaknin - Click on this link to purchase: http://www.narcissistic-abuse.com/thebook.html)